Paulson must think its a fraud. MW's status should shoot up a lot after this and will be taken seriously. I hope I am never long a stock that they put a report out on after this. Figure Moody's will move from Downgrade Review to Downgrade very soon.
Does Being Long Gold Really Mean Short the U.S. Dollar? [View article]
I was just informed by a reader that the world gold council has just changed its website this week after I wrote this article on friday, and most of the charts have disappeared. However, one can still download data and charts from an excel file found on this page:
"Sino-Forest Falls After Saying Probe Will Slow Acquisition Pace" from Bloomberg
"The company posted a first-quarter loss of $20.7 million, or 8 cents a share, compared with net income of $15.9 million, or 7 cents, a year earlier. Excluding a charge of about 22 cents related to conversion to International Financial Reporting Standards, profit was 13 cents a share. That missed the 21-cent average of six analysts’ estimates in a Bloomberg survey. "
Wow, 22 cents a share charge just to change accounting standards! That is in the ballpark of $50 million to change over, would be nice to have been their "consultants" as long as the check does not bounce. ;-)
Muddy Waters says more research is coming. One thing is for sure someone in this whole mess will get sued and most likely be arrested. One side or the other. Forgot to post before that I have no position.
Making Sense of Sino-Forest [View article]
www.zerohedge.com/arti...
Does Being Long Gold Really Mean Short the U.S. Dollar? [View article]
www.gold.org/investmen.../
Good Trading,
Chris Ridder
Making Sense of Sino-Forest [View article]
www.theglobeandmail.co.../
Making Sense of Sino-Forest [View article]
Making Sense of Sino-Forest [View article]
www.zerohedge.com/arti...
Making Sense of Sino-Forest [View article]
from Bloomberg
"The company posted a first-quarter loss of $20.7 million, or 8 cents a share, compared with net income of $15.9 million, or 7 cents, a year earlier. Excluding a charge of about 22 cents related to conversion to International Financial Reporting Standards, profit was 13 cents a share. That missed the 21-cent average of six analysts’ estimates in a Bloomberg survey. "
Wow, 22 cents a share charge just to change accounting standards! That is in the ballpark of $50 million to change over, would be nice to have been their "consultants" as long as the check does not bounce. ;-)
noir.bloomberg.com/app...
Making Sense of Sino-Forest [View article]
noir.bloomberg.com/app...
Making Sense of Sino-Forest [View article]
www.businessweek.com/n...
Making Sense of Sino-Forest [View article]
Making Sense of Sino-Forest [View article]
www.zerohedge.com/arti...
Making Sense of Sino-Forest [View article]
www.zerohedge.com/arti...
Making Sense of Sino-Forest [View article]
Making Sense of Sino-Forest [View article]
Interview of the guy who wrote the report
Making Sense of Sino-Forest [View article]
If the picture of this link is true it does not look good for the longs.
Debunking the 'Debunking Myths of U.S. Collapse' Post [View article]
www.zerohedge.com/arti...